$MGPI
MGP INGREDIENTS INC Stock $mgpi

$mgpi Overview Financials Valuation SEC Filings Company Website

2018 Q2 Form 10-Q Financial Statement

#000162828018005621 Filed on May 02, 2018

Income Statement

Concept	2018 Q2	2018 Q1	2017 Q1
Revenue	$88.25M	$87.96M	$87.17M
YoY Change	2.91%	0.9%	13.45%
Cost Of Revenue	$68.81M	$69.01M	$68.13M
YoY Change	2.81%	1.29%	13.95%
Gross Profit	$19.44M	$18.95M	$19.04M
YoY Change	3.27%	-0.47%	11.7%
Gross Profit Margin	22.03%	21.55%	21.84%
Selling, General & Admin	$8.309M	$8.562M	$7.649M
YoY Change	-0.02%	11.94%	21.01%
% of Gross Profit	42.74%	45.18%	40.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.897M	$2.929M	$2.738M
YoY Change	2.88%	6.98%	-17.13%
% of Gross Profit	14.9%	15.46%	14.38%
Operating Expenses	$8.309M	$8.562M	$7.649M
YoY Change	-0.02%	11.94%	21.01%
Operating Profit	$11.13M	$10.39M	$11.39M
YoY Change	5.88%	-8.8%	6.22%
Interest Expense	$289.0K	$207.0K	$331.0K
YoY Change	-23.75%	-37.46%	6.43%
% of Operating Profit	2.6%	1.99%	2.91%
Other Income/Expense, Net
YoY Change
Pretax Income	$10.84M	$10.18M	$11.53M
YoY Change	16.39%	-11.71%	5.5%
Income Tax	$3.316M	$1.255M	$2.854M
% Of Pretax Income	30.58%	12.33%	24.75%
Net Earnings	$7.527M	$8.927M	$8.678M
YoY Change	18.18%	2.87%	22.94%
Net Earnings / Revenue	8.53%	10.15%	9.96%
Basic Earnings Per Share
Diluted Earnings Per Share	$438.6K	$529.8K	$521.0K
COMMON SHARES
Basic Shares Outstanding	16.84M shares	16.80M shares	16.71M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2018 Q2	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.300M	$1.100M	$0.00
YoY Change	-70.89%
Cash & Equivalents	$2.280M	$1.123M	$0.00
Short-Term Investments
Other Short-Term Assets	$2.800M	$3.200M	$2.400M
YoY Change	0.0%	33.33%	71.43%
Inventory	$106.5M	$98.90M	$80.00M
Prepaid Expenses	$2.802M	$3.187M	$2.426M
Receivables	$35.80M	$34.50M	$36.40M
Other Receivables	$1.500M	$1.000M	$0.00
Total Short-Term Assets	$148.9M	$138.7M	$118.8M
YoY Change	10.8%	16.71%	17.7%
LONG-TERM ASSETS
Property, Plant & Equipment	$108.8M	$104.0M	$93.70M
YoY Change	16.06%	11.0%	12.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments			$19.40M
YoY Change			22.96%
Other Assets	$2.458M	$2.559M	$2.672M
YoY Change	-7.77%	-4.23%	174.9%
Total Long-Term Assets	$111.3M	$106.6M	$115.8M
YoY Change	3.44%	-7.96%	15.58%
TOTAL ASSETS
Total Short-Term Assets	$148.9M	$138.7M	$118.8M
Total Long-Term Assets	$111.3M	$106.6M	$115.8M
Total Assets	$260.2M	$245.2M	$234.6M
YoY Change	7.53%	4.54%	16.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$23.33M	$24.63M	$16.51M
YoY Change	44.57%	49.22%	-1.4%
Accrued Expenses	$7.937M	$7.161M	$7.317M
YoY Change	-0.9%	-2.13%	-0.25%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$379.0K	$375.0K	$4.362M
YoY Change	-91.32%	-91.4%	-27.3%
Total Short-Term Liabilities	$31.65M	$32.17M	$31.53M
YoY Change	-0.15%	2.03%	-15.19%
LONG-TERM LIABILITIES
Long-Term Debt	$40.08M	$31.86M	$39.33M
YoY Change	1.82%	-19.0%	25.26%
Other Long-Term Liabilities	$545.0K	$542.0K	$399.0K
YoY Change	35.57%	35.84%	398.75%
Total Long-Term Liabilities	$40.63M	$32.40M	$39.73M
YoY Change	2.16%	-18.44%	49562.5%
TOTAL LIABILITIES
Total Short-Term Liabilities	$31.65M	$32.17M	$31.53M
Total Long-Term Liabilities	$40.63M	$32.40M	$39.73M
Total Liabilities	$77.80M	$69.82M	$80.44M
YoY Change	-4.49%	-13.19%	2.93%
SHAREHOLDERS EQUITY
Retained Earnings	$180.8M	$174.7M	$150.6M
YoY Change	15.68%	15.96%	25.28%
Common Stock	$6.715M	$6.715M	$6.715M
YoY Change	0.0%	0.0%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$19.40M	$19.67M	$17.13M
YoY Change	15.29%	14.85%	8.1%
Treasury Stock Shares	1.268M shares	1.271M shares	1.406M shares
Shareholders Equity	$182.4M	$175.4M	$154.1M
YoY Change
Total Liabilities & Shareholders Equity	$260.2M	$245.2M	$234.6M
YoY Change	7.53%	4.54%	16.64%

Cashflow Statement

Concept	2018 Q2	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	$7.527M	$8.927M	$8.678M
YoY Change	18.18%	2.87%	22.94%
Depreciation, Depletion And Amortization	$2.897M	$2.929M	$2.738M
YoY Change	2.88%	6.98%	-17.13%
Cash From Operating Activities	$360.0K	$879.0K	-$942.0K
YoY Change	-96.94%	-193.31%	-42.6%
INVESTING ACTIVITIES
Capital Expenditures	-$6.090M	$6.978M	$6.454M
YoY Change	75.0%	8.12%	111.4%
Acquisitions
YoY Change
Other Investing Activities	$60.00K	$62.00K	$0.00
YoY Change	-80.0%
Cash From Investing Activities	-$6.030M	-$7.040M	-$6.454M
YoY Change	89.62%	9.08%	111.4%
FINANCING ACTIVITIES
Cash Dividend Paid		$1.375M	$688.0K
YoY Change		99.85%
Common Stock Issuance & Retirement, Net			$1.131M
YoY Change
Debt Paid & Issued, Net		$93.00K	$89.00K
YoY Change		4.49%	-79.68%
Cash From Financing Activities	6.820M	$4.200M	$5.827M
YoY Change	-1074.29%	-27.92%	47.63%
NET CHANGE
Cash From Operating Activities	360.0K	$879.0K	-$942.0K
Cash From Investing Activities	-6.030M	-$7.040M	-$6.454M
Cash From Financing Activities	6.820M	$4.200M	$5.827M
Net Change In Cash	1.150M	-$1.961M	-$1.569M
YoY Change	-85.44%	24.98%	110.04%
FREE CASH FLOW
Cash From Operating Activities	$360.0K	$879.0K	-$942.0K
Capital Expenditures	-$6.090M	$6.978M	$6.454M
Free Cash Flow	$6.450M	-$6.099M	-$7.396M
YoY Change	-57.73%	-17.54%	57.56%

Facts In Submission

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CY2018Q1	dei	Document Period End Date DocumentPeriodEndDate	2018-03-31
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CY2017Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
CY2017	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.05
CY2018Q1	us-gaap	Other Postretirement Benefits Payable Current And Noncurrent OtherPostretirementBenefitsPayableCurrentAndNoncurrent	3030000	USD
CY2017Q2	us-gaap	Payments For Legal Settlements PaymentsForLegalSettlements	75000	USD
CY2018Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	62000	USD
CY2017Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	688000	USD
CY2018Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	1375000	USD
CY2017Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1131000	USD
CY2018Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2073000	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6454000	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6978000	USD
CY2018Q1	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.0500
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	10
CY2018Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	10
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000	shares
CY2018Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000	shares
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	437	shares
CY2018Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	437	shares
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	437	shares
CY2018Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	437	shares
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	4000	USD
CY2018Q1	us-gaap	Preferred Stock Value PreferredStockValue	4000	USD
CY2017Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	2182000	USD
CY2018Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	3187000	USD
CY2017Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	10500000	USD
CY2018Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	7741000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	267288000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	271097000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	103051000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	104002000	USD
CY2017Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	34347000	USD
CY2018Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	34532000	USD
CY2017Q1	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	9245000	USD
CY2018Q1	us-gaap	Related Party Transaction Purchases From Related Party RelatedPartyTransactionPurchasesFromRelatedParty	0	USD
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	2765000	USD
CY2018Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	USD
CY2017Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	89000	USD
CY2018Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	93000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	167129000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	174682000	USD
CY2017Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	87169000	USD
CY2018Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	87956000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	7649000	USD
CY2018Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	8562000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1028000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1191000	USD
CY2018Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	139000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	168730000	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	175388000	USD
CY2017Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	1318545	shares
CY2018Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	1271369	shares
CY2017Q4	us-gaap	Treasury Stock Value TreasuryStockValue	18719000	USD
CY2018Q1	us-gaap	Treasury Stock Value TreasuryStockValue	19672000	USD
CY2018Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	2073000	USD
CY2017Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	250000	USD
CY2018Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	175000	USD
CY2017Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	16712578	shares
CY2018Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	16843255	shares
CY2018Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates.</font><font style="font-family:inherit;font-size:10pt;">  The financial reporting policies of the Company conform to GAAP.  The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  The application of certain of these policies places significant demands on management’s judgment, with financial reporting results relying on estimation about the effects of matters that are inherently uncertain.  For all of these policies, management cautions that future events rarely develop as forecast, and estimates routinely require adjustment and may require material adjustment.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>

Files In Submission

Name	View Source	Status
0001628280-18-005621-index-headers.html	Edgar Link	pending
0001628280-18-005621-index.html	Edgar Link	pending
0001628280-18-005621.txt	Edgar Link	pending
0001628280-18-005621-xbrl.zip	Edgar Link	pending
a3312018ex311.htm	Edgar Link	pending
a3312018ex312.htm	Edgar Link	pending
a3312018ex321.htm	Edgar Link	pending
a3312018ex322.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
mgpi-20180331.xml	Edgar Link	completed
mgpi-20180331.xsd	Edgar Link	pending
mgpi-20180331_cal.xml	Edgar Link	unprocessable
mgpi-20180331_def.xml	Edgar Link	unprocessable
mgpi-20180331_lab.xml	Edgar Link	unprocessable
mgpi-20180331_pre.xml	Edgar Link	unprocessable
mgpi331201810q.htm	Edgar Link	pending
mgplogo4ca04.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$MGPI
MGP INGREDIENTS INC Stock $mgpi

2018 Q2 Form 10-Q Financial Statement

#000162828018005621 Filed on May 02, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGPI MGP INGREDIENTS INC Stock $mgpi

2018 Q2 Form 10-Q Financial Statement

#000162828018005621 Filed on May 02, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MGPI
MGP INGREDIENTS INC Stock $mgpi